Japan Cash Machine Co. Ltd. announces an Equity Buyback for 300,000 shares, representing 1.11% for ¥300 million.
September 05, 2016
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Japan Cash Machine Co. Ltd. (TSE:6418) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.11% of the outstanding shares for ¥300 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until October 7, 2016. As of August 31, 2016, the company had 26,977,997 shares outstanding and 2,684,854 shares in treasury.
JAPAN CASH MACHINE CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of cash related equipment. The Company operates through four business segments. The Global Gaming segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for casino halls and original equipment manufacturer (OEM) customers, as well as printer products for gaming. The Overseas Commercial segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for overseas banking, retail and transportation markets. The Domestic Commercial segment is mainly engaged in the manufacture and sale of banknote circulation units, change equipment and currency exchange equipment for domestic banking, retail and transportation markets. The Amusement Equipment segment is mainly engaged in the manufacture and sale of ball lending equipment, medal lending equipment and other related equipment.